Wednesday, November 14, 2018

Trump is officially making an economic promise that will be nearly impossible to keep

Source: Bob Bryan via businessinsider.com As part of the inauguration of President Donald Trump, the new White House rolled out a number of policy promises on its new website. The position page on jobs and the economy makes a promise for the US...
sweden

Sweden Could Be The First With National Digital Currency

Source: RT Sweden Could Be The First With National Digital Currency The Central Bank of Sweden is considering issuing a national digital currency to solve the problem of a dramatic drop in the domestic use of cash. The so-called e-krona may...

Uh-Oh, We’re Racking Up Credit Card Debt Like It’s 2007 Again

Source: Martha C. White, Time.com History might be repeating itself. While consumer confidence in the economy is generally a good thing, that optimism can have a serious downside if it prompts people to take risks with their money. Unfortunately, the newest numbers from WalletHub.com indicate...

New Study Finds Millennials Spend 44 Percent of Food Dollars on Eating Out

Source: Alexandria Talty, forbes.com From the rise of fast-casual restaurants to the ease of delivery services, eating prepared food is a convenient proposition in 2016. And it seems that millennials are taking advantage of that, spending more of their food...

Solving Poverty Needs to Be About Addressing Inequality

Source: David Lay Williams via The Washington Post Depiction of Louis XVI being led to the guillotine at the time of his execution, Place de la Concord, 1793. Created or published between 1890 and 1920. (Library of Congress Prints and...

The Simple Holiday Budget Anyone Can Follow

Source: Mikey Rox via Kiplinger.com Stay in the black when the red and green take over. Did you promise yourself you'd finally make a solid budgeting plan this holiday season — and stick to it? We've got you covered with these...
wells fargo

Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations

Source: Kathy Kristof via CBS News Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations Former Wells Fargo Chairman and CEO John Stumpf sold $61 million worth of Wells Fargo (WFC) shares in the month prior to settling a long-running...
australia

Australia Worried About Chinese Investment

The Most China-Dependent Economy Isn't So Keen on Chinese Money Source - Bloomberg Australia, the developed world’s most China-reliant economy, offers a natural destination for billions of dollars of investment from its largest trading partner. There’s just one hurdle -- the Australians...

Expert: US Recession On The Horizon

ALBERT EDWARDS: A 'tidal wave' is coming that will throw the US into recession Source - Bob Bryan of Business Insider A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it's going to throw...

More than $1 trillion in bad car loans, bubble ready to burst

Source: Michael Snyder via Monetary Watch Do you remember the subprime mortgage meltdown from the last financial crisis?  Well, this time around we are facing a subprime auto loan meltdown.  In recent years, auto lenders have become more and more...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...